Gross domestic product, or GDP, is a measure of a country's economic output over a certain time period—usually a year. GDP is looked to as a primary indicator of a country's economic health.

The gross domestic product (GDP) price deflator measures the amount by which total output is reduced by inflation. The GDP deflator formula includes the value of all final goods, including exports.

Economics is no different. Economists use many acronyms. One of the most common is GDP, which stands for gross domestic product. It is often cited in newspapers, on the television news, and in reports ...

The calculation formula to determine GDP per capita is a country’s gross domestic product divided by its population. GDP per capita reflects a nation’s standard of living. Which Countries Have ...

Gross domestic product continues to serve as the ... and companies place greater value in sustainability, the formula for GDP ignores several critical indicators like quality-of-life shifts ...

Real gross domestic product (GDP) increased at an annual rate of 2.4 percent in the fourth quarter of 2024 (October, November, and December), according to the third estimate released by the U.S.